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Assertion (A) In preparing final accounts if closing stock is given...

This question belongs to Commerce Accounting
Accounting
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Assertion (A): In preparing final accounts, if closing stock is given in the trial balance, it is shown only in the Balance Sheet.
Reason (R): Any item appearing in the trial balance is treated only at one place i.e. either in the trading and profit & loss a/c or in the balance sheet.
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Answer & Solution
Correct Answer: Option A
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